Personal Finance: Credit Reports and Scores

Personal Finance: Credit Reports and Scores

9th - 12th Grade

19 Qs

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Personal Finance: Credit Reports and Scores

Personal Finance: Credit Reports and Scores

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Melody Hanks

Used 289+ times

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19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A record of the borrower’s past loan and credit‐related

transactions.

Lender

Credit History

Credit Report

Closed‐end Credit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A loan of a certain amount of money that a borrower

must repay in a specified number of equal payments.

Lender

Credit History

Credit Report

Closed‐end Credit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When goods, services, and/or money is received in

exchange for a promise to pay back a definite sum of money at a future date.

Tax Lien

Open‐end Credit

Credit

Closed‐end Credit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person or organization who makes funds available to

borrow.

Lender

Credit History

Credit Report

Closed‐end Credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A legal claim by a government entity to take an

individual’s property or income when their taxes are not paid in full.

Tax Lien

Open‐end Credit

Credit

Closed‐end Credit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Maintaining a reasonable amount of unused credit will create

Negative Credit

Positive credit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Routinely paying bills late will create

Negative Credit

Positive credit

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